June 21, 2011 – Sun Capital Partners, a private investment firm specializing in leveraged buyouts and
investments in market-leading companies, today announced that an
affiliate has acquired substantially all of the assets of Vitro America through a 363 bankruptcy sale.
The sale was approved on June 17 by the U.S. Bankruptcy Court for
the Northern District of Texas Dallas Division.
Based in Memphis, Tenn., Vitro America serves the construction and auto
replacement markets. The company operates three distinct, largely
independent business units and has a presence in nearly every U.S.
state. Its architectural products segment focuses largely on the
commercial construction market, while the Binswanger Glass unit operates
retail locations and also installs architectural glass for office
buildings, retail locations, general contractors, homebuilders and
homeowners. A third division, Super Sky Products, provides turnkey
products and services for contractors seeking installations of
skylights.
“We are delighted to acquire these businesses, which are
industry-leading glass companies,” said Aaron Wolfe, principal at Sun
Capital Partners. “This acquisition will significantly expand the
capabilities of our existing affiliated portfolio companies in this
sector. We are eager to grow these businesses and will continue to
actively pursue acquisition opportunities in this space.”
Sun Capital has prior experience in the glass and aluminum markets
through its affiliated portfolio companies Arch Aluminum and Glass, one of North America’s largest fabricators of architectural glass
and aluminum products, and United Glass Corporation, a U.S.
manufacturer and supplier of architectural glass and aluminum products.
“The acquisition by an affiliate of Sun Capital will allow Vitro
America to better serve our customers by working with Sun’s existing
affiliated portfolio companies and capitalizing on Sun’s national
presence in the sector. We look forward to working with them to improve
our business and pursue growth opportunities,” said Arturo Carrillo, president of Vitro America.
“As we begin to work with the three companies, our mission will be to
create the best company in the industry regarding quality and on-time
delivery,” said Jeff Leone, CEO of Arch Aluminum and Glass. “The broad product portfolio involving glass and metal plus
the addition of Super Sky should benefit customers by providing a wide
range of services for all of their fabrication needs.”
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